1476-1490 Sheridan Avenue Chico, CA 95926

$719,000 Active

About the Property

Unique investment opportunity ! This 8 unit complex consists of two single level buildings with 4 units in each that are all 1 bedroom, 1 bath. Refrigerators and electric ranges in each unit are included in the sale. Rents are considered below market and range between $625.00-$650.00. Mature landscaping and ample off-street parking. Located near downtown, CSU Chico and public transportation is nearby. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Sq. ft., bed/baths , & lot size taken from public records. Buyer is advised to investigate to their satisfaction

Property Information

Size 4,000 SqFt
Price/SqFt $180
Lot Size 0.419 Acres
Year Built 1964
Property Type Residential Income
Zoning R3
Listing Number SN18165427
Listed 7/10/2018
Modified 7/10/2018
Listing Agent Erin Jergentz
Listing Office Coldwell Banker/DuFour
Total Building 2
Total Units 8

Property Features

# Electric Meters
  • 10
# Gas Meters
  • 10
# Water Meters
  • 1
Appliances
  • Refrigerator
Cooling
  • Wall Window
Garage Spaces
  • 0.00
Gross Income
  • 58925.00
Gross Scheduled Income
  • 58925.00
Heating
  • Wall Heater
Levels
  • One
Net Operating Income
  • 36650.00
Operating Expense
  • 22275.00
Pool
  • None
StoriesTotal
  • 1
Water Source
  • Public
Community Features
  • Curbs
  • Sidewalks
Flooring
  • Carpet
  • Vinyl
Tenant Pays
  • Electricity
  • Telephone